Sec Form 13G Filing - ARES CAPITAL CORP (ARCC) filing for Centric Brands Inc. (CTRC) - 2020-02-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No. 2)

 

Centric Brands, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

15644G104

(CUSIP Number)

December 31, 2019

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 


 

CUSIP No. 15644G104

Schedule 13G

 

 

 

1

Names of Reporting Persons
Ares Capital Corporation

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

3

SEC Use Only

 

 

4

Citizen or Place of Organization
Maryland

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

 

6

Shared Voting Power
3,077,875

 

7

Sole Dispositive Power
0

 

8

Shared Dispositive Power
3,077,875

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
3,077,875

 

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o
Not Applicable

 

 

11

Percent of Class Represented by Amount in Row 9
5.2%

 

 

12

Type of Reporting Person
CO

 

2


 

CUSIP No. 15644G104

Schedule 13G

 

 

 

1

Names of Reporting Persons
Ares Capital Management LLC

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

3

SEC Use Only

 

 

4

Citizen or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

 

6

Shared Voting Power
3,115,500

 

7

Sole Dispositive Power
0

 

8

Shared Dispositive Power
3,115,500

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
3,115,500

 

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o
Not Applicable

 

 

11

Percent of Class Represented by Amount in Row 9
5.3%

 

 

12

Type of Reporting Person
OO (Limited Liability Company)

 

3


 

CUSIP No. 15644G104

Schedule 13G

 

 

 

1

Names of Reporting Persons
Ares Management LLC

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

3

SEC Use Only

 

 

4

Citizen or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

 

6

Shared Voting Power
3,125,000

 

7

Sole Dispositive Power
0

 

8

Shared Dispositive Power
3,125,000

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
3,125,000

 

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o
Not Applicable

 

 

11

Percent of Class Represented by Amount in Row 9
5.3%

 

 

12

Type of Reporting Person
OO (Limited Liability Company)

 

4


 

CUSIP No. 15644G104

Schedule 13G

 

 

 

1

Names of Reporting Persons
Ares Management Holdings L.P.

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

3

SEC Use Only

 

 

4

Citizen or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

 

6

Shared Voting Power
3,125,000

 

7

Sole Dispositive Power
0

 

8

Shared Dispositive Power
3,125,000

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
3,125,000

 

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o
Not Applicable

 

 

11

Percent of Class Represented by Amount in Row 9
5.3%

 

 

12

Type of Reporting Person
PN

 

5


 

CUSIP No. 15644G104

Schedule 13G

 

 

 

1

Names of Reporting Persons
Ares Holdco LLC

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

3

SEC Use Only

 

 

4

Citizen or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

 

6

Shared Voting Power
3,125,000

 

7

Sole Dispositive Power
0

 

8

Shared Dispositive Power
3,125,000

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
3,125,000

 

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o
Not Applicable

 

 

11

Percent of Class Represented by Amount in Row 9
5.3%

 

 

12

Type of Reporting Person
OO (Limited Liability Company)

 

6


 

CUSIP No. 15644G104

Schedule 13G

 

 

 

1

Names of Reporting Persons
Ares Holdings Inc.

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

3

SEC Use Only

 

 

4

Citizen or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

 

6

Shared Voting Power
3,125,000

 

7

Sole Dispositive Power
0

 

8

Shared Dispositive Power
3,125,000

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
3,125,000

 

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o
Not Applicable

 

 

11

Percent of Class Represented by Amount in Row 9
5.3%

 

 

12

Type of Reporting Person
CO

 

7


 

CUSIP No. 15644G104

Schedule 13G

 

 

 

1

Names of Reporting Persons
Ares Management Corporation

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

3

SEC Use Only

 

 

4

Citizen or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

 

6

Shared Voting Powe r
3,125,000

 

7

Sole Dispositive Power
0

 

8

Shared Dispositive Power
3,125,000

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
3,125,000

 

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o
Not Applicable

 

 

11

Percent of Class Represented by Amount in Row 9
5.3%

 

 

12

Type of Reporting Person
CO

 

8


 

CUSIP No. 15644G104

Schedule 13G

 

 

 

1

Names of Reporting Persons
Ares Voting LLC

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

3

SEC Use Only

 

 

4

Citizen or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

 

6

Shared Voting Power
3,125,000

 

7

Sole Dispositive Power
0

 

8

Shared Dispositive Power
3,125,000

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
3,125,000

 

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o
Not Applicable

 

 

11

Percent of Class Represented by Amount in Row 9
5.3%

 

 

12

Type of Reporting Person
OO (Limited Liability Company)

 

9


 

CUSIP No. 15644G104

Schedule 13G

 

 

 

1

Names of Reporting Persons
Ares Management GP LLC

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

3

SEC Use Only

 

 

4

Citizen or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

 

6

Shared Voting Power
3,125,000

 

7

Sole Dispositive Power
0

 

8

Shared Dispositive Power
3,125,000

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
3,125,000

 

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o
Not Applicable

 

 

11

Percent of Class Represented by Amount in Row 9
5.3%

 

 

12

Type of Reporting Person
OO (Limited Liability Company)

 

10


 

CUSIP No. 15644G104

Schedule 13G

 

 

 

1

Names of Reporting Persons
Ares Partners Holdco LLC

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

3

SEC Use Only

 

 

4

Citizen or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

 

6

Shared Voting Power
3,125,000

 

7

Sole Dispositive Power
0

 

8

Shared Dispositive Power
3,125,000

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
3,125,000

 

 

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  o
Not Applicable

 

 

11

Percent of Class Represented by Amount in Row 9
5.3%

 

 

12

Type of Reporting Person
OO (Limited Liability Company)

 

11


 

 

CUSIP No. 15644G104

Schedule 13G

 

 

Item 1.

 

(a)

Name of Issuer:
Centric Brands, Inc.  (the “Issuer”)

 

(b)

Address of Issuer’s Principal Executive Offices:
350 5
th Avenue,

6th Floor,

New York, NY 10118

 

Item 2.

 

(a)

Name of Person Filing:
Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

 

Ares Capital Corporation (“Ares Capital”)

Ares Capital Management LLC (“Ares Capital Management”)

Ares Management LLC

Ares Management Holdings L.P. (“Ares Management Holdings”)

Ares Holdco LLC (“Ares Holdco”)

Ares Holdings Inc. (“Ares Holdings”)

Ares Management Corporation (“Ares Management”)

Ares Voting LLC (“Ares Voting”)

Ares Management GP LLC (“Ares Management GP”)

Ares Partners Holdco LLC (“Ares Partners”)

 

(b)

Address or Principal Business Office:
The business address of Ares Capital is 245 Park Avenue, 44th Floor, New York, NY 10167. The business address of each other Reporting Person is 2000 Avenue of the Stars, 12th Floor, Los Angeles, California 90067.

 

(c)

Citizenship of each Reporting Person is:
Ares Capital is organized under the laws of the State of Maryland.

Each other Reporting Person is organized under the laws of the State of Delaware.

 

(d)

Title of Class of Securities:
Common Stock, par value $0.10 per share (“Common Stock”)

 

(e)

CUSIP Number:
15644G104

 

Item 3.

 

 

 

 

Not applicable.

 

12


 

CUSIP No. 15644G104

Schedule 13G

 

 

 

Item 4.

Ownership

 

Ownership (a-b)

 

The ownership information presented below represents beneficial ownership of shares of Common Stock of the Issuer as of the date hereof, based upon 59,056,743 shares of Common Stock outstanding as of November 14, 2019. The amounts reported as beneficially owned by the Reporting Persons on this Schedule 13G consist of an aggregate of 3,125,000 shares of Common Stock, held directly in the individual amounts noted below by Ares Capital and the other investment vehicles (the “Investment Vehicles”) identified in the following table.

 

Reporting Person

 

Number of Shares
Held of Record

 

Percent
of class:

 

Ares Capital Corporation

 

3,077,875

 

5.2

%

Ares Centre Street Partnership, L.P.

 

6,250

 

*

 

Ares Commercial Finance LP

 

125

 

*

 

Ares Credit Strategies Insurance Dedicated Fund Series of SALI Multi-Series Fund, L.P.

 

6,250

 

*

 

Ares European Credit Strategies Fund VIII (BUMA), L.P.

 

6,250

 

*

 

Ares Jasper Fund, L.P.

 

125

 

*< /p>

 

Ares ND Credit Strategies Fund LLC

 

6,250

 

*

 

Ares Senior Direct Lending Parallel Fund (L), L.P.

 

784

 

*

 

Ares Senior Direct Lending Parallel Fund (U), L.P.

 

665

 

*

 

Ares Senior Direct Lending Parallel Fund (U) B, L.P.

 

378

 

*

 

Ares Senior Direct Lending Master Fund Designated Activity Company

 

4,423

 

*

 

Bowhead IMC LP

 

6,250

 

*

 

CION Ares Diversified Credit Fund

 

3,125

 

*

 

Diversified Loan Fund - Private Debt A S.à.r.l.

 

6,250

 

*

 

 


* Less than 0.1%

 

The investment adviser of each of Ares Capital,  Ares Jasper Fund, L.P., Ares ND Credit Strategies Fund LLC, Ares Senior Direct Lending Parallel Fund (L), L.P., Ares Senior Direct Lending Parallel Fund (U), L.P., Ares Senior Direct Lending Parallel Fund (U) B, L.P., Ares Senior Direct Lending Master Fund Designated Activity Company and  Bowhead IMC LP is Ares Capital Management. Ares Capital Management is also an investment subadvisor of Ares Credit Strategies Insurance Dedicated Fund Series of SALI Multi-Series Fund, L.P. and Diversified Loan Fund - Private Debt A S.à.r.l.

 

Ares Centre Street Management, L.P. (“Centre Street Management”) is responsible for the management of Ares Centre Street Partnership, L.P. ACF GP, LLC (“ACF GP”) is the general partner of Ares Commercial Finance GP LP, which is the general partner of Ares Commercial Finance LP. Ares Management Limited (“Management Limited”) is responsible for the management of Ares European Credit Strategies Fund VIII (BUMA), L.P. Ares Capital Management II LLC (“Capital Management II” and, together with Centre Street Management, ACF GP and Management Limited, the “Investment Vehicle Managers”) is responsible for the management of CION Ares Management, LLC, which is responsible for the management of CION Ares Diversified Credit Fund.

 

Ares Capital Management is wholly owned by Ares Management LLC. Ares Management LLC is also the general partner, manager or sole member of each of the Investment Vehicle Managers. The sole member of Ares Management LLC is Ares Management Holdings and the general partner of Ares Management Holdings is Ares Holdco. The sole member of Ares Holdco is Ares Holdings, whose sole stockholder is Ares Management. Ares Management GP is the sole holder of the Class B common stock, $0.01 par value per share, of Ares Management (“Class B Common Stock”) and Ares Voting is the sole holder of the Class C common stock, par value $.01 per share, of Ares Management (“Class C Common Stock”). Pursuant to Ares Management’s Certificate of Incorporation, the holders of the Class B Common Stock and the Class C Common Stock, collectively, will generally have the majority of votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. The sole member of both Ares Management GP and Ares Voting is Ares Partners. Ares Partners is managed by a board of managers which is composed of Michael Arougheti, Ryan Berry, R. Kipp deVeer, David Kaplan, Michael McFerran, Antony Ressler and Bennett Rosenthal (collectively, the “Board Members”). Mr. Ressler generally has veto authority over decisions by the Board Members. Each of the Reporting Persons (other than Ares Capital, with respect to the shares held directly by it), and the Board Members expressly disclaim beneficial ownership of the shares of Common Stock held by Ares Capital and the Investment Vehicles.

 

(c) The information contained on the cover pages to this Schedule 13G is incor porated herein by reference.

 

13


 

CUSIP No. 15644G104

Schedule 13G

 

 

 

Item 5.

Ownership of Five Percent or Less of a Class

 

Not applicable.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

 

Not applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

 

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group

 

Not applicable.

 

Item 9.

Notice of Dissolution of Group

 

Not applicable.

 

14


 

CUSIP No. 15644G104

Schedule 13G

 

 

Item 10.                          Certification

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: February 14, 2020

 

 

Ares Capital Corporation

 

 

 

 

Signed:

/s/ Joshua M. Bloomstein

 

Name:

Joshua M. Bloomstein

 

Title:

Authorized Signatory

 

 

 

 

Ares Capital Management LLC

 

 

 

 

Signed:

/s/ Joshua M. Bloomstein

 

Name:

Joshua M. Bloomstein

 

Title:

Authorized Signatory

 

 

 

 

Ares Management LLC

 

 

 

 

Signed:

/s/ Joshua M. Bloomstein

 

Name:

Joshua M. Bloomstein

 

Title:

Authorized Signatory

 

 

 

 

Ares Management Holdings L.P.

 

By: Ares Holdco LLC, its general partner

 

 

 

Signed:

/s/ Joshua M. Bloomstein

 

Name:

Joshua M. Bloomstein

 

Title:

Authorized Signatory

 

15


 

CUSIP No. 15644G104

Schedule 13G

 

 

 

Ares Holdco LLC

 

 

 

 

Signed:

/s/ R. Kipp deVeer

 

Name:

R. Kipp deVeer

 

Title:

Authorized Signatory

 

 

 

 

Ares Holdings Inc.

 

 

 

 

Signed:

/s/ Joshua M. Bloomstein

 

Name:

Joshua M. Bloomstein

 

Title:

Authorized Signatory

 

 

 

 

Ares Management Corporation

 

 

 

 

Signed:

/s/ Joshua M. Bloomstein

 

Name:

Joshua M. Bloomstein

 

Title:

Authorized Signatory

 

 

 

 

Ares Voting LLC

 

By: Ares Partners Holdco LLC, its sole member

 

 

 

 

Signed:

/s/ R. Kipp deVeer

 

Name:

R. Kipp deVeer

 

Title:

Authorized Signatory

 

 

 

 

Ares Management GP LLC

 

 

 

 

Signed:

/s/ Joshua M. Bloomstein

 

Name:

Joshua M. Bloomstein

 

Title:

Authorized Signatory

 

 

 

 

Ares Partners Holdco LLC

 

 

 

 

Signed:

/s/ R. Kipp deVeer

 

Name:

R. Kipp deVeer

 

Title:

Authorized Signatory

 

16


 

CUSIP No. 15644G104

Schedule 13G

 

 

LIST OF EXHIBITS

 

Exhibit No.

 

Description

 

 

 

99.1

 

Joint Filing Agreement.

 

17